Roblox Co. (NYSE:RBLX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Roblox Co. (NYSE:RBLX) have earned a consensus rating of “Moderate Buy” from the twenty-five analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $68.68.

Several equities research analysts have issued reports on RBLX shares. Macquarie increased their price objective on shares of Roblox from $76.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, May 5th. The Goldman Sachs Group boosted their price target on shares of Roblox from $63.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Needham & Company LLC reiterated a “buy” rating on shares of Roblox in a research note on Friday, May 2nd. Citigroup lifted their price objective on Roblox from $78.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, Canaccord Genuity Group raised their target price on shares of Roblox from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd.

Roblox Trading Up 0.5%

NYSE RBLX opened at $81.63 on Wednesday. The company has a 50 day moving average price of $63.74 and a 200 day moving average price of $61.21. Roblox has a 52 week low of $31.59 and a 52 week high of $82.02. The firm has a market cap of $51.43 billion, a PE ratio of -56.30 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm earned ($0.43) EPS. The firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Roblox will post -1.49 EPS for the current fiscal year.

Insider Activity at Roblox

In related news, insider Mark Reinstra sold 16,432 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.39, for a total value of $1,008,760.48. Following the completion of the sale, the insider now directly owns 322,774 shares of the company’s stock, valued at approximately $19,815,095.86. This represents a 4.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Manuel Bronstein sold 68,722 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $80.00, for a total value of $5,497,760.00. Following the sale, the insider now owns 582,454 shares of the company’s stock, valued at approximately $46,596,320. This represents a 10.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,432,954 shares of company stock worth $167,209,673 over the last quarter. 22.15% of the stock is currently owned by company insiders.

Institutional Trading of Roblox

Several hedge funds have recently added to or reduced their stakes in RBLX. Gordian Capital Singapore Pte Ltd raised its stake in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after buying an additional 240 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after purchasing an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Roblox during the 1st quarter worth approximately $39,000. Colonial Trust Co SC acquired a new position in Roblox in the fourth quarter valued at about $41,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

About Roblox

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.